Northwestern Mutual Wealth Management Co. Has $291.41 Million Stock Position in VictoryShares Free Cash Flow ETF $VFLO

Northwestern Mutual Wealth Management Co. increased its holdings in VictoryShares Free Cash Flow ETF (NASDAQ:VFLO) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,399,957 shares of the company’s stock after acquiring an additional 659,124 shares during the period. Northwestern Mutual Wealth Management Co. owned about 4.94% of VictoryShares Free Cash Flow ETF worth $291,410,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE grew its stake in VictoryShares Free Cash Flow ETF by 29.5% during the 2nd quarter. Bank of America Corp DE now owns 12,619,465 shares of the company’s stock valued at $446,098,000 after acquiring an additional 2,874,353 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 71.7% during the third quarter. HighTower Advisors LLC now owns 2,857,239 shares of the company’s stock worth $107,147,000 after purchasing an additional 1,193,452 shares during the period. Ameriprise Financial Inc. acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the second quarter worth approximately $35,234,000. Raymond James Financial Inc. boosted its holdings in shares of VictoryShares Free Cash Flow ETF by 37.2% during the second quarter. Raymond James Financial Inc. now owns 3,426,701 shares of the company’s stock worth $121,134,000 after purchasing an additional 929,599 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of VictoryShares Free Cash Flow ETF during the third quarter worth approximately $32,786,000.

VictoryShares Free Cash Flow ETF Stock Performance

VFLO stock opened at $44.93 on Friday. The stock has a market cap of $7.13 billion, a P/E ratio of 13.70 and a beta of 0.80. The firm has a 50 day simple moving average of $41.49 and a 200 day simple moving average of $40.20. VictoryShares Free Cash Flow ETF has a 52 week low of $33.61 and a 52 week high of $45.15.

VictoryShares Free Cash Flow ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a dividend of $0.0134 per share. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Friday, May 8th.

VictoryShares Free Cash Flow ETF Profile

The VictoryShares Free Cash Flow ETF (VFLO) is an exchange-traded fund that is based on the Victory US Large Cap Free Cash Flow index. The fund tracks an index composed of the largest U.S. companies based on profit that are perceived to have strong free cash flow yields and high growth metrics VFLO was launched on Jun 21, 2023 and is managed by VictoryShares.